MEPs revamp new Industrial Strategy

On 27th of November, the European Parliament set out a blueprint for a new Industrial Strategy for Europe, shifting its approach from the original strategy published in March 2020 in order to help businesses cope with the Covid-19 crisis as well as implement the environmental twin transitions.  The new strategy would focus on two phases – 1) Recovery, and 2) Reconstruction and building resilience.

Cooperatives Europe welcomes this latest resolution, which would help businesses recover and face the digital and environmental twin transitions. We reinforce the Parliament statement on the importance of the social economy businesses to be involved in the outcome of the industrial strategy. Considering the outcomes of our survey report on the impact of COVID, Cooperatives Europe reiterates the necessity to consider all types of businesses, especially cooperatives when designing financial instruments to support businesses recover from this crisis.

Cooperatives Europe looks forward the Commission revised industrial strategy that would consider the impact of the pandemic on European businesses, especially SMEs such as cooperatives.